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RE: EOS Community Benefit Applications worth over $100 million

in #eos7 years ago

I was thinking about this this morning! After seeing Dan's video with eosgo about the staking categories - bandwidth/ram/storage/voting and him saying that there would be no rewards for staking in the voting category (of course) I wondered why anyone would stake for voting aside from committed community members.

https://steemit.com/eos/@eosgo/eos-resource-allocation-w-daniel-larimer

If staking for voting gives you curation power like Steem power in this new social media community benefit contract then that is amazing. It is an indirect incentive, not to vote for bps but to participate in curation.

So users stake in the voting pool for community benefit contracts - a social media platform being a fantastic example - and block producers are incentivized to campaign because they get more rewards for each vote, campaigning perhaps on that very social media platform.

Knowledge sharing is so fundamental to the Eos community so a contract to support that activity is ingenious and it seems to provide a way to solve the voting participation problem. Eos is just going to fly...